Brown Forman (NYSE:BF.B) issued its quarterly earnings data on Wednesday. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.09, Briefing.com reports. The firm had revenue of $914.00 million during the quarter, compared to analyst estimates of $870.60 million. Brown Forman had a return on equity of 53.63% and a net margin of 17.84%. The business’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 earnings per share. Brown Forman updated its FY18 guidance to $1.90-1.98 EPS.
Brown Forman (BF.B) opened at $65.85 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.30 and a quick ratio of 1.07. The company has a market cap of $23,828.58, a PE ratio of 34.26 and a beta of 0.96. Brown Forman has a 1-year low of $43.72 and a 1-year high of $67.98.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, December 7th will be issued a $0.198 dividend. This is an increase from Brown Forman’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, December 6th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 1.20%. Brown Forman’s dividend payout ratio (DPR) is presently 40.56%.
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About Brown Forman
Brown-Forman Corporation is a spirit and wine company. The Company manufactures, bottles, imports, exports, markets and sells a range of alcoholic beverages. The Company has a portfolio of approximately 40 spirit, wine and ready-to-drink cocktail (RTD) brands. Its principal brands include Jack Daniel’s Tennessee Whiskey, Jack Daniel’s RTDs, Jack Daniel’s Tennessee Honey, Gentleman Jack Rare Tennessee Whiskey, Jack Daniel’s Tennessee Fire, Jack Daniel’s Single Barrel Collection, Jack Daniel’s Sinatra Select, Jack Daniel’s Winter Jack, Jack Daniel’s No.
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